Blue Collar Guy
Thinks s/he gets paid by the post
as i was in the accumulation stage i was putting money into a 401k/ and a 457 retirement plan, paying into my pension etc after maxing them out my take home pay after all deduction was about 50k a year from a 125 k year job, my house was paid off so my yearly expenses was about 35k a year. my pension after taxes is 84k (no inflation raises it stays there). im in vanguard for my non retirement accounts 80 % vtsax(total stock market index) 20 % intermediate bonds, the retirement funds are held in 75 % small cap 15 % international (horrible but its what i pick 20 years ago so i run with it, 10 % sp500. im 55 years old, according to fire calc as best as i could figure out. i can draw out 3 % forever from a 80/20 portfolio , ive been retired for 9 years now , last year we spent 55 000 well below the 84k i clear, looks like ill be leaving my only child a load, we tried to spend more, i spent almost 12k on the kid( gifts), he is married with a super job doesnt need or want anything , so long story short, i should have left 5 years earlier, pension would have been 61 k still well above what i spend, 5 years wasted building a nest egg we will never use, house was paid off before i retired, i live in new york, we own a 13 year old car that i bought new in 2003 it has 38k miles i tried to do a budget for a few months after we retired, but it was stupid, if i have 10 bucks in my wallet or a hundred , we spend the same.